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Providence High School Area Real Estate Market Report for 2011

Providence High School Area Real Estate Market Report for

Providence High School Area Real Estate Market Report for 2011 2011

 

The real estate market in the Providence High School zone in South Charlotte, NC continues to out-perform other real estate markets in the Charlotte region.  Providence High School consistently ranks higher than any other Charlotte high school, in both SAT scores and end-of-course test scores.  Because of Providence High School's strong reputation as an academic powerhouse in the region, homes for sale in the Providence High School zone continue to attract home buyers who want to send their children to the best public schools.

 

Currently there are 153 homes for sale in the Providence High School zone in South Charlotte, NC.  Additionally, there are 45 homes under contract as of today, which bodes well for the recovering market.

 

Search for homes for sale in Providence High School Zone in Charlotte NC

 

Providence high School Area Real Estate Market Report for 2011

2011 Providence High School Real Estate Market


The 2011 Providence High School real estate market shows that the market has steadied somewhat from last year.  Although the average sales price decreased by a slight 2.38% from last, the number of sales increased by 22% over last year.  Obviously, there is a pent-up demand for homes for sale in the Providence High School zone!  The following pie chart shows the breakdown of sales prices for Providence High School homes in 2011.  The average sales price in 2011 was $355,142.


Absorption Rate in Providence High School Zone


The "absorption rate" is a key piece of data in helping us understand the real estate market.  The absorption rate tells us how long it will take to sell all of the existing homes on the market, assuming no new homes are listed.  A balanced market between buyers and sellers is 6 months.  In the Providence High School real estate market, we are seeing a current 3-month absorption rate of 7.9 months, meaning it's currently a buyer's market.  However, the 6 month absorption rate was 6 months, and the 12-month absorption rate was 5.6 months!  I think the current higher absorption rate is due to the fact that we have just come through the holidays and the slowest market time of the year.  Get ready for a roller coaster ride this spring!

 

5 Year Market Trend in the Providence High School Area

A look at the 5-year market trend in the Providence High School real estate market reveals that sales prices have reverted back to nearly 2005 levels.  Much of the national real estate market has reverted back to 2003 levels.  The Providence High School area peaked in 2007 at $403,000 and reached its low point in 2009 at $345,000.  The spike in 2010 is due to the home buyer tax credit that spurred many reluctant home buyers to get into the market.


Providence high School Area Real Estate Market Report for 2011


Great Neighborhoods in the Providence High School District

There are lots of awesome neighborhoods in the the Providence High School district.  Below are links to searches for homes for sale in those neighborhoods:

 

 

Providence High School Area Real Estate Expert

Buying or selling real estate in South Charlotte NC is really about lifestyle choices - finding the best neighborhood, home, school, and location to fit your family’s lifestyle.  I live in the Providence High School zone, and my 3 children went there (2 have graduated from Providence, and one is currently in 10th grade).  If you are looking for a Realtor who really knows the school system and can provide guidance on the best options for your child, then give me a call!  I think it's so important for you to partner with a Realtor® who will really listen to your needs and goals and who will work tirelessly until your transaction is complete.

 

Whether you are thinking about selling your South Charlotte home, or would like to buy a home in the Providence High School area of South Charlotte, I look forward to showing you why I’m not your ordinary Realtor!  I use cutting-edge technology to market my listings and to attract home buyers who want that South Charlotte lifestyle! 

Let me put my knowledge and experience to work for YOU!  For more information on how I can best serve you, please fill out the online contact form or call, text, or email me.

 

Melissa Brown, ABR, SFR

Helen Adams Realty

704-654-9700

Melissa@MelissaBrownHomes.com

 


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Melissa Brown

REALTOR/Broker, NC & SC

704-654-9700

Search Charlotte Homes for Sale

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Melissa Brown, Realtor, Charlotte, NC

Come to Charlotte and enjoy the four seasons!

Comment balloon 0 commentsMelissa Brown • January 29 2012 09:30AM
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